A Step-by-Step-Guide on how to buy Velas (VLX)
Step 1 – Signup to CEX.io You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Velas (VLX) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Velas (VLX) Once your deposit has been verified, you will directly have access to your funds and you can launch invest and trading. To buy Velas (VLX) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Velas (VLX), you'll need to put the shortname of the coin (VLX) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this also. Click on “VLX/BTC” to proceed.
Step 4 – Acquisition of Velas (VLX) As soon as you have spotted Velas (VLX), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the most recent rate Velas (VLX) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of VLX you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole volumen of VLX. If you are glad, click on “Buy VLX”. Your order will be filled as soon as a Vender sells their VLX for the price you introduced.
Step 5 – Withdraw Velas (VLX) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extended time frame. To take off your Velas (VLX), hover over the tab called “Funds” and click on “Withdraw”. Velas (VLX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Velas (VLX) by using the provided drop-down box. Put into the amount of Velas (VLX) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.